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Property News October 2017

November 1, 2017 by John Gibson

National Property Clock - October 2017 Houses

Will immigration have a major impact on property growth in NSW in the coming years?

You can’t ignore the statistics!

We need to consider population growth and the impact that will have on the housing market over the next 20 years.

The graph above shows us that by the year 2036, the population would have increased by 2.71 million. Compared to the 2003 – 2013 graph (see below) where the population increased by 488,622 in a ten-year period.

At 30 June 2016, 28.5% of Australia's estimated resident population (6.9 million people) was born overseas.

In 2015-16, net overseas migration (NOM) reflected an annual gain of 182,165 persons, 3.0% (5,300) more than in 2014-15.

With stock levels still traditionally low and population dramatically increasing, it will have a large impact on the market.

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Project managed sale
1/9 Pacific St, Manly
Sold for $1,576,000
Bedrooms 3
Bathrooms 2
Car spaces 1
Sold date: 28th August 17
Appointed Agent: McGrath Manly

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Negotiated price and terms
20 Minnek Cl, Glenmore Park
Purchase Price: $785,000
Bedrooms 4
Bathrooms 2
Car spaces 2
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19 Willaburra Rd, Burraneer
Rental rate negotiated $1,500/w
Bedrooms 4
Bathrooms 3
Car spaces 2
Lease term negotiated: 12 Months


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